Global Structural Health Monitoring Market Size, Trends, and Growth Opportunity By Product (Wired Structural Health Monitoring, and Wireless Structural Health Monitoring), By Distribution Channel (Mining, Energy, Defense, Aerospace, and Civil), By Region, and Forecast till 2027.
Global Structural Health Monitoring Market
The global structural health monitoring market was valued at USD 2.8 billion in 2021 which is expected to reach USD 5.8 billion by 2027 at a CAGR 17.5% from 2022-2027.
Monitoring structural health is a crucial instrument in the study, design, and maintenance of modern civil engineering systems and structures. This system's primary goal is to preserve the structure of the defined domain. The purpose of structural health monitoring systems is to observe the damage produced and devise techniques to characterise the structures. This technique is primarily concerned with enhancing structural safety while also lowering maintenance costs.
Market Drivers
The increased focus on structural health monitoring, as well as antiquated infrastructure in various countries such as Europe and North America, is likely to drive the worldwide structural health monitoring market. Furthermore, increased infrastructure investments and advancements in wireless sensor networks would boost global structural health monitoring market growth during the forecast period. Furthermore, technical improvements and innovations will drive the expansion of the worldwide structural health monitoring market.
Market Restraints
However, an inaccurate result due to inaccuracies is projected to stymie the worldwide structural health monitoring market's growth. Furthermore, the high implementation costs would have an impact on the worldwide structural health monitoring market's growth.
Market Segmentation
The global structural health monitoring market is segmented into technology, such as Wired Structural Health Monitoring, and Wireless Structural Health Monitoring, by component, such as Hardware, Software, and Services. Further, the global structural health monitoring market is segmented into end user such as Mining, Energy, Defense, Aerospace, Civil, and Others.
Regional analysis Also, the global structural health monitoring market is segmented into five regions, such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
Market Key Players
Various key players are discussed in this report, such as Nova Metrix LLC, Geokon, COWI, Geocomp, Acellent, Pure Technologies, Kinemetrics Inc., Campbell Scientific, Sixense, and others.
Market Taxonomy
By Technology
- Wired Structural Health Monitoring
- Wireless Structural Health Monitoring
- Hardware
- Software
- Services
- Mining
- Energy
- Defense
- Aerospace
- Civil
- Others
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Structural Health Monitoring Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Structural Health Monitoring Market, By Technology
- 5.1 Y-o-Y Growth Comparison, By Technology
- 5.2 Global Structural Health Monitoring Market Share Analysis, By Technology
- 5.3 Global Structural Health Monitoring Market Size and Forecast, By Technology
- 5.3.1 Wired Structural Health Monitoring
- 5.3.2Wireless Structural Health Monitoring
- 6 Global Structural Health Monitoring Market, By Component
- 6.1 Y-o-Y Growth Comparison, By Component
- 6.2 Global Structural Health Monitoring Market Share Analysis, By Component
- 6.3 Global Structural Health Monitoring Market Size and Forecast, By Component
- 6.3.1 Hardware
- 6.3.2 Software
- 6.3.3Services
- 7 Global Structural Health Monitoring Market, By End User
- 7.1 Y-o-Y Growth Comparison, By End User
- 7.2 Global Structural Health Monitoring Market Share Analysis, By End User
- 7.3 Global Structural Health Monitoring Market Size and Forecast, By End User
- 7.3.1 Mining
- 7.3.2 Energy
- 7.3.3 Defence
- 7.3.4 Aerospace
- 7.3.5Civil
- 7.3.6 Others
- 8Global Structural Health Monitoring Market, By Region
- 8.1 Global Structural Health Monitoring Market Share Analysis, By Region
- 8.2 Global Structural Health Monitoring Market Share Analysis, By Region
- 8.3 Global Structural Health Monitoring Market Size and Forecast, By Region
- 9 North America Structural Health Monitoring Market Analysis and Forecast (2022–2027)
- 9.1 Introduction
- 9.2 North America Structural Health Monitoring Market Share Analysis, By Technology
- 9.3 North America Structural Health Monitoring Market Size and Forecast, By Component
- 9.4 North America Structural Health Monitoring Market Size and Forecast, By End User
- 9.5 North America Structural Health Monitoring Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10Europe Structural Health Monitoring Market Analysis and Forecast (2022–2027)
- 10.1 Introduction
- 10.2 Europe Structural Health Monitoring Market Share Analysis, By Technology
- 10.3 Europe Structural Health Monitoring Market Size and Forecast, By Component
- 10.4 Europe Structural Health Monitoring Market Size and Forecast, By End User
- 10.5 Europe Structural Health Monitoring Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Structural Health Monitoring Market Analysis and Forecast (2022–2027)
- 11.1 Introduction
- 11.2 Asia Pacific Structural Health Monitoring Market Share Analysis, By Technology
- 11.3 Asia Pacific Structural Health Monitoring Market Size and Forecast, By Component
- 11.4 Asia Pacific Structural Health Monitoring Market Size and Forecast, By End User
- 11.5 Asia Pacific Structural Health Monitoring Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Structural Health Monitoring Market Analysis and Forecast (2022–2027)
- 12.1 Introduction
- 12.2 Latin America Structural Health Monitoring Market Share Analysis, By Technology
- 12.3 Latin America Structural Health Monitoring Market Size and Forecast, By Component
- 12.4 Latin America Structural Health Monitoring Market Size and Forecast, By End User
- 12.5 Latin America Structural Health Monitoring Market Size and Forecast, Country
- 13Middle East Structural Health Monitoring Market Analysis and Forecast (2022–2027)
- 13.1 Introduction
- 13.2 Middle East Structural Health Monitoring Market Share Analysis, By Technology
- 13.3 Middle East Structural Health Monitoring Market Size and Forecast, By Component
- 13.4 Middle East Structural Health Monitoring Market Size and Forecast, By End User
- 13.5 Middle East Structural Health Monitoring Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Nova Metrix LLC
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Geokon
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 COWI
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Geocomp
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Acellent
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Pure Technologies
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Hansford Sensors
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Kinemetrics Inc
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Campbell Scientific
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Sixense
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
- 15.11 Others
- 15.11.1 Overview
- 15.11.2 Offerings
- 15.11.3 Key Financials
- 15.11.4 Business Segment & Geographic Overview
- 15.11.5 Key Market Developments
- 15.11.6 Key Strategies
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